TAIPEI Oct 22 Taiwan's Acer Inc
reported on Monday a net profit of T$68 million ($2.32 million)
in the third quarter, up from the second quarter but far below
A poll of 18 analysts by Thomson Reuters I/B/E/S yielded a
mean estimate of a profit of T$756 million.
The company did not provide an explanation for the profit
figure, but will hold a briefing on Thursday to give more
details over the earnings and its outlook.
In the previous quarter it had also reported a profit far
below forecasts, attributing that drop to a one-off tax issue.
The Q3 figure compares with a net profit of T$56 million in
the second quarter and a net loss of T$$1.1 billion in the same
quarter a year earlier.
Consolidated revenue in the third quarter was T$104.4
billion, down 5.6 percent compared to the second quarter but up
11.4 percent from a year ago.
In January to September, total revenue dropped 5.7 percent
compared to a year ago.
($1 = 29.2505 Taiwan dollars)
(Reporting by Clare Jim; Editing by Jonathan Standing)